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Sarah Crowly uses the cash receipts method of accounting for her accounting business. On December 25, 2011, she received a $1,000 check in payment for her services. The following year she was told that the check had bounced. One client offered to give her a check for $500 on December 31, 2011, but Sarah asked him to give it to her the next year, which the client did. Another client gave her a check for $750 on December 31, 2011, but after the bank had closed. Both the $500 and $750 checks cleared the next year. How much does Sarah have to include in her gross income for 2011?
Prepare an income statement through gross profit, assuming merchandise inventory on hand at April 30 is $4,524. and Tot. trial balance $8,254.
Evaluate what markup percentage is the company using, Total fixed costs will decrease and fixed cost per unit will decrease.
In your discussion, contrast and compare defined benefit pension plans versus defined contribution pension plans.
how much did the firm's market value and book value per share differ - Calculation of difference between firm's market value and book value per share.
Evaluate the earnings per share of common stock under each of the two plans, suppose income before bond interest and income tax is $600,000.
The tax rate is expected to remain at 40 percent and On the basis of this information, what will be the forecast for Robert's year-end net income?
Using Excel and the data given below you are to evaluate the price of the bond and create and amortization schedule.
Collections of accounts receivable that previously have been written off and Which of the following do not change the balance in Accounts receivable
Evaluate amortization for 2013 and prepare the journal entry to record the revaluation of the patent and evaluate amortization for 2014
Activity based cost analysis - Were your results the typical pattern for an activity-based costing analysis? Explain.
The planned selling price is $150 per unit. What could be the sales budget for March?
Explain the federal gift and estate taxes. What is the purpose of the federal gift tax? What is the reason of the estate tax? When are the taxes applied?
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